CyberAgent (4751 JP): Limited Upside in the Short-Run

CyberAgent [Alternative Data]: Google Play Rankings of AbemaTV and Hit Game Titles for 2Q FY09/20

🇯🇵 JAPAN • Revisions & Results 22nd April - Timelines + JAL/ZOZO/Mizuno/CyberAgent

CyberAgent Revises the OP Guidance Upwards by 5%; Share Price Up 14%

CyberAgent (4751 JP) 2Q Earnings Update: AbemaTV Continues to Impress

Equity Analyst, LightStream Research

Supun Walpola

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>We are observing a decline in Google Play rankings of CyberAgent’s highest grossing game title, GRANBLUE FANTASY, in October and November.</li>
<li>CyberAgent’s latest hit title, Dragalia Lost, continued to disappoint, grossing below the top-100 Japanese roleplay games.</li>
<li>PRINCESS CONNECT! Re:Dive continued to perform well, ranking among the top-10 highest-grossing role-playing games during the quarter.</li>
<li> Rankings of almost all other hit titles were either declining or flat during the quarter.  </li>
</ul>


We are observing a decline in Google Play rankings of CyberAgent’s highest grossing game title, GRANBLUE FANTASY, in October and November.
CyberAgent’s latest hit title, Dragalia Lost, continued to disappoint, grossing below the top-100 Japanese roleplay games.
PRINCESS CONNECT! Re:Dive continued to perform well, ranking among the top-10 highest-grossing role-playing games during the quarter.
 Rankings of almost all other hit titles were either declining or flat during the quarter.  


CyberAgent [Alternative Data]: Google Play Analytics of Hit Game Titles for 1Q FY09/20

CyberAgent Inc

CyberAgent [Alternative Data]: Google Play Analytics of Hit Game Titles for 1Q FY09/20